Emirates Islamic Credit Cards

Founded on the Sharia-compliant concepts of Islamic banking, Emirates Islamic Bank was established in 2004. The line of Emirates Islamic credit cards has been created to fully incorporate the benefits of prudent financial investment, while also benefiting society. As per the rules of Islamic Banking, any form of interest – or ‘Ribba’, is completely prohibited. Instead, the Emirates Islamic Bank credit cards share all the profits and the risks with customers and shareholders alike.

With lofty aspirations of being the best Islamic banking organization in UAE, the bank offers some of the most rewarding credit cards. The Emirates Islamic Bank credit card benefits are further compounded with a salary transfer scheme. Transferring salary into an Emirates Islamic Bank account is seen as a gesture of goodwill and of positive communal spirit, which in turn is rewarded by incredible benefits such as free Takaful (insurance), bonus SmartMiles, loyalty points and much more. Emirates Islamic Bank is now known as simply Emirates Islamic.

Types of Emirates Islamic Bank Credit Cards

The Emirates Islamic Bank credit cards have an amazing variety of features, each created with a specific type of application in mind. From supermarket spending to travel benefits and more, an Emirates Islamic Bank credit card is the sharia-compliant superpower of financial empowerment. The various Emirates Islamic credit cards and their benefits are listed below:

1. Emirates Islamic Easy Card

Annual Membership Fee: This Emirates Islamic Credit Card is free for life.

Customers with an approved employer, and who have made a salary transfer to Emirates Islamic.

5,000.00

Customers with an approved employer, and who have NOT made a salary transfer to Emirates Islamic.

7,000.00

Customers with an unapproved employer, and who have made a salary transfer to Emirates Islamic.

8,000.00

Customers with an unapproved employer, and who have NOT made a salary transfer to Emirates Islamic.

15,000.00

Expatriates

Customers with an approved employer, and who have made a salary transfer to Emirates Islamic.

5,000.00

Customers with both an approved/unapproved employer and who have NOT made a salary transfer to Emirates Islamic.

8,000.00

Self Employed Customers

-

20,000.00

Cards Against Term Deposit

The monthly minimum income is waived if the customer pledges a total amount of AED 60,000 instead.

5,000.00

(Updated as of Jan 2019)

Benefits:

i. Access to the Emirates Islamic Bank EPP (Easy Payment Plan). Under this scheme, the Emirates Islamic credit card owner can convert purchases at select vendors to 0% monthly instalments for tenors of 3, 6, 9 and 12 months. The full list of partnered vendors can be found online.

ii. The Emirates Islamic credit card owner can utilize up to 80% of their credit limit as cash, credited into their account or delivered in the form of a cheque. The profit rate for this scheme is 1.19% for tenors available of 6, 12, 18 and 24 months. The transaction has a minimum limit of AED 1,000.

iii. Cash advance features available for a maximum of AED 3,000 per transaction.

iv. Balance transfer of up to 80% of the Emirates Islamic credit card limit for a 0% profit rate in the first 6 months. Minimum transaction amounts of AED 1,000. A one-time 2% processing fee is charged.

Customers with an approved employer, and who have made a salary transfer to Emirates Islamic.

5,000.00

Customers with an approved employer, and who have NOT made a salary transfer to Emirates Islamic.

7,000.00

Customers with an unapproved employer, and who have made a salary transfer to Emirates Islamic.

8,000.00

Customers with an unapproved employer, and who have NOT made a salary transfer to Emirates Islamic.

15,000.00

Expatriates

Customers with an approved employer, and who have made a salary transfer to Emirates Islamic.

5,000.00

Customers with both an approved/unapproved employer and who have NOT made a salary transfer to Emirates Islamic.

8,000.00

Self Employed Customers

-

20,000.00

Cards Against Term Deposit

The monthly minimum income is waived if the customer pledges a total amount of AED 60,000 instead.

5,000.00

(Updated as of Jan 2019)

Benefits:

i. This Emirates Islamic credit card functions as a credit card and as an RTA Nol card both. The Emirates Islamic RTA credit card can be used to make payments for any facility on the RTA network. Auto top-up features can be activated for both the Nol Chip as well as Salik.

ii. Owners of this Emirates Islamic Bank credit card can enjoy the benefits of cash back in the following ways:

v. Up to 4 supplementary Emirates Islamic credit cards for family members.

vi. This Emirates Islamic Bank credit card offers the cardholder and their family members Credit Shield cover. Under this feature, any unforeseen accidents that leave a customer unable to pay off their credit card dues are waived. The first two months of Credit Shield cover are complimentary. A minor fee is charged every subsequent month unless the cardholder requests for it to be stopped.

vii. Cardholders are also eligible for purchase protection. Under this policy, any item purchased with the Emirates Islamic credit card is covered up to $5,000 in the event that it is damaged, stolen or misplaced within 90 days of purchase. The policy also covers fire damage.

viii. Travel purchases made with this Emirates Islamic credit card allow the cardholder to avail emergency medical referral services anywhere across the globe. This includes translators, technical support and legal assistance as well.

b. Emirates Islamic RTA Fee Based Credit Card

This version of the RTA Emirates Islamic Bank credit card offers all the same benefits but does not charge any profit rate. Instead, the card has a variable monthly membership fee, which depends solely on the credit limit requested. The fees vary as follows:

Requested Credit Limit (in AED)

Monthly Membership Fee (in AED)

Monthly Membership Fee April 2019 Onwards (in AED)

Up to 8,000

175.00

200.00

From 8,001 - 13,000

275.00

325.00

From 13,001 - 16,000

425.00

425.00

From 16,001 - 25,000

500.00

550.00

From 25,001 - 37,500

775.00

800.00

From 37,501 - 62,500

1,100.00

1,250.00

From 62,501 - 100,000

1,500.00

1,800.00

From 100,001 -150,000

1,500.00

1,800.00

More than 150,000

1,500.00

1,800.00

(Updates as of Jan 2019)

3. Emirates Islamic Union Coop Tamayaz Credit Card

Annual Membership Fee: This Emirates Islamic Credit Card is free for life.

Customers with an approved employer, and who have made a salary transfer to Emirates Islamic.

5,000.00

Customers with an approved employer, and who have NOT made a salary transfer to Emirates Islamic.

7,000.00

Customers with an unapproved employer, and who have made a salary transfer to Emirates Islamic.

8,000.00

Customers with an unapproved employer, and who have NOT made a salary transfer to Emirates Islamic.

15,000.00

Expatriates

Customers with an approved employer, and who have made a salary transfer to Emirates Islamic.

5,000.00

Customers with both an approved or unapproved employer, and who have NOT made a salary transfer to Emirates Islamic.

8,000.00

Self Employed Customers

-

20,000.00

Cards Against Term Deposit

The monthly minimum income is waived if the customer pledges a total amount of AED 60,000 instead.

5,000.00

(Updated as of Jan 2019)

Benefits:

i. The owner of this Emirates Islamic Bank credit card is enrolled in the Tamayaz Loyalty Program. Cardholders earn Tamayaz points, which can be redeemed on purchases across any Union Coop store in UAE.

ii. Owners of the Union Coop Tamayaz Emirates Islamic credit card can earn Tamayaz Points in the following ways:

iii. The Union Coop Tamayaz Emirates Islamic credit card offers one complimentary valet parking every month at select locations such as Dubai International Airport, City Walk, Ibn Battuta Mall and more. The full list of partnered locations can be found online.

iv.. Cardholders are also eligible for purchase protection. Under this policy, any item purchased with the Emirates Islamic credit card is covered up to $5,000 in the event that it is damaged, stolen or misplaced within 365 days of purchase. The policy also covers fire damage. Consumables, vehicles and land are not covered under this policy. The maximum claim amount per year is $20,000.

v. The Tamayaz card also offers cardholders one complimentary shopper valet service every month. This gives the Emirates Islamic credit card owner access to shopping assistance and a queue-less checkout for faster shopping.

vii. This Emirates Islamic Bank credit card offers the cardholder and their family members Credit Shield cover. Under this feature, any unforeseen accidents that leave a customer unable to pay off their credit card dues are waived. The first two months of Credit Shield cover are complimentary. A minor fee is charged every subsequent month unless the cardholder requests for it to be stopped.

viii. Travel purchases made with this Emirates Islamic credit card allow the cardholder to avail emergency medical referral services anywhere across the globe. This includes translators, technical support and legal assistance as well.

ix.. Cash advance features available for a maximum of AED 3,000 per transaction.

xii. Up to 4 supplementary Emirates Islamic credit cards for family members.

4. Emirates Islamic Cashback Credit Cards

The Cash Back card of Emirates Islamic is available in two variants, as the Emirates Islamic Cash Back credit card and the Emirates Islamic Cash Back Plus card. The annual fees, eligibility and various Emirates Islamic Cash Back card benefits are detailed below.

Customers with an approved employer, and who have made a salary transfer to Emirates Islamic.

5,000.00

Customers with an approved employer, and who have NOT made a salary transfer to Emirates Islamic.

7,000.00

Customers with an unapproved employer, and who have made a salary transfer to Emirates Islamic.

8,000.00

Customers with an unapproved employer, and who have NOT made a salary transfer to Emirates Islamic.

15,000.00

Expatriates

Customers with an approved employer, and who have made a salary transfer to Emirates Islamic.

5,000.00

Customers with both an approved/unapproved employer and who have NOT made a salary transfer to Emirates Islamic.

8,000.00

Self Employed Customers

-

20,000.00

Cards Against Term Deposit

The monthly minimum income is waived if the customer pledges a total amount of AED 60,000 instead.

5,000.00

(Updated as of Jan 2019)

Benefits:

i. One of the biggest Emirates Islamic Cash Back card benefits is the guaranteed savings in the following categories:

10% cash back on telecom bills.

5% cash back on electronic item purchases.

1% cash back on all domestic and international purchases.

Emirates Islamic Cash Back card owners can calculate the full extent of their savings via the cash back calculator available online.

Access to the Emirates Islamic Bank EPP (Easy Payment Plan). Under this scheme, the Emirates Islamic credit card owner can convert purchases at select vendors to 0% monthly instalments for tenors of 3, 6, 9 and 12 months. The full list of partnered vendors can be found online.

ii. Balance transfer of up to 80% of the Emirates Islamic credit card limit for a 0% profit rate in the first 6 months. Minimum transaction amounts of AED 1,000. A one-time 2% processing fee is charged.

iii. Cash advance features available for a maximum of AED 3,000 per transaction.

iv. This Emirates Islamic Bank credit card offers the cardholder and their family members Credit Shield cover. Under this feature, any unforeseen accidents that leave a customer unable to pay off their credit card dues are waived. The first two months of Credit Shield cover are complimentary. A minor fee is charged every subsequent month unless the cardholder requests for it to be stopped.

v. Cardholders are also eligible for purchase protection. Under this policy, any item purchased with the Emirates Islamic credit card is covered up to $5,000 in the event that it is damaged, stolen or misplaced within a certain time period. The maximum claim amount per year is $20,000.

vi. Up to 4 supplementary Emirates Islamic credit cards for family members.

viii. Travel purchases made with this Emirates Islamic credit card allow the cardholder to avail emergency medical referral services anywhere across the globe. This includes translators, technical support and legal assistance as well.

ix. Unique Emirates Islamic Cash Back card benefits such as $25 voucher for food and beverages, a complimentary continental breakfast meal, room upgrades, late checkout and more in 900+ hotels across the globe.

b. Emirates Islamic Cashback Plus Credit Card

Annual Membership Fee: AED 299* * Up till 31st March 2019, this Emirates Islamic Bank credit card offers a waiver on the first year’s annual membership fee. Subsequent fee waivers in later years are available on spending AED 30,000 annually.

Customers with an approved employer, and who have made a salary transfer to Emirates Islamic.

5,000.00

Customers with an approved employer, and who have NOT made a salary transfer to Emirates Islamic.

7,000.00

Customers with an unapproved employer, and who have made a salary transfer to Emirates Islamic.

8,000.00

Customers with an unapproved employer, and who have NOT made a salary transfer to Emirates Islamic.

15,000.00

Expatriates

Customers with an approved employer, and who have made a salary transfer to Emirates Islamic.

5,000.00

Customers with both an approved/unapproved employer and who have NOT made a salary transfer to Emirates Islamic.

8,000.00

Self Employed Customers

-

20,000.00

Cards Against Term Deposit

The monthly minimum income is waived if the customer pledges a total amount of AED 60,000 instead.

5,000.00

(Updated as of Jan 2019)

Benefits:

i. Cardholders can earn up to as much as 10% cash back on grocery, education, dining and telecom expenses made through this Emirates Islamic cash back card.

ii. This Emirates Islamic credit card functions as a credit card and as an RTA Nol card both. The Emirates Islamic RTA credit card can be used to make payments for any facility on the RTA network. Auto top-up features can be activated for both the Nol Chip as well as Salik. The cardholder also gains access to the Gold Class cabin in the Dubai Metro.

iii. Complimentary access to 750+ airport lounges across the globe.

iv. 2 free rounds of golf every month at Track Meydan and Arabian Ranches golf clubs. This Emirates Islamic Cash Back card benefit can be availed on any day of the week.

v. Free of charge travel insurance for multiple trips of up to 90 days.

vi. Unique Emirates Islamic Cash Back card benefits such as $25 voucher for food and beverages, a complimentary continental breakfast meal, room upgrades, late checkout and more in 900+ hotels across the globe.

vii. Travel purchases made with this Emirates Islamic credit card allow the cardholder to avail emergency medical referral services anywhere across the globe. This includes translators, technical support and legal assistance as well.

viii. Access to the Emirates Islamic Bank EPP (Easy Payment Plan). Under this scheme, the Emirates Islamic credit card owner can convert purchases at select vendors to 0% monthly instalments for tenors of 3, 6, 9 and 12 months. The full list of partnered vendors can be found online.

ix. Balance transfer of up to 80% of the Emirates Islamic credit card limit for a 0% profit rate in the first 6 months. Minimum transaction amounts of AED 1,000. A one-time 2% processing fee is charged.

x. Cash advance features available for a maximum of AED 3,000 per transaction.

xi. This Emirates Islamic Bank credit card offers the cardholder and their family members Credit Shield cover. Under this feature, any unforeseen accidents that leave a customer unable to pay off their credit card dues are waived. The first two months of Credit Shield cover are complimentary. A minor fee is charged every subsequent month unless the cardholder requests for it to be stopped.

xii. Cardholders are also eligible for purchase protection. Under this policy, any item purchased with the Emirates Islamic credit card is covered up to $5,000 in the event that it is damaged, stolen or misplaced within a certain time period. The maximum claim amount per year is $20,000.

xiii. Up to 4 supplementary Emirates Islamic credit cards for family members.

5. Emirates Islamic Rewards Credit Cards

The Rewards line of Emirates Islamic credit card offers customers access to benefits such as cash back and air miles. The Abu Dhabi version of the rewards card is an Emirates Islamic credit card which offers unique benefits across Abu Dhabi.

a. Emirates Islamic Rewards Credit Card

Rather than charging a profit rate, this Emirates Islamic credit card charges an annual membership fee and a monthly membership fee on basis of the required credit limit. The charges are as follows.

Customers with an approved employer, and who have made a salary transfer to Emirates Islamic.

5,000.00

Customers with an approved employer, and who have NOT made a salary transfer to Emirates Islamic.

7,000.00

Customers with an unapproved employer, and who have made a salary transfer to Emirates Islamic.

8,000.00

Customers with an unapproved employer, and who have NOT made a salary transfer to Emirates Islamic.

15,000.00

Expatriates

Customers with an approved employer, and who have made a salary transfer to Emirates Islamic.

5,000.00

Customers with both an approved/unapproved employer and who have NOT made a salary transfer to Emirates Islamic.

8,000.00

Self Employed Customers

-

20,000.00

Cards Against Term Deposit

The monthly minimum income is waived if the customer pledges a total amount of AED 60,000 instead.

5,000.00

(Updated as of Jan 2019) Benefits:

i. This Emirates Islamic credit card offers the cardholder automatic enrollment into the Choice Points loyalty program. Cardholders earn Choice Points, which can be redeemed for annual fee waivers and purchases across electronic items, luxury goods, grocery items and more. Choice Points may be redeemed in the following manner:

18,000 Choice Points can be redeemed for AED 100 vouchers.

14,000 Choice Points can be redeemed for 1,500 Etihad Guest Miles.

16,000 Choice Points can be redeemed for 2,000 Etihad Guest Miles.

ii. Owners of this Emirates Islamic Bank credit card earn Choice Points in the following manner:

v. Up to 4 supplementary Emirates Islamic credit cards for family members.

b. Emirates Islamic Abu Dhabi Rewards Credit Card

While the various fees and benefits this Emirates Islamic credit card offers are similar to the previously mentioned rewards card, this card is catered specifically to Abu Dhabi residents. It offers great deals on various local merchants within the emirate.

6. Emirates Islamic Flex Credit Cards

The Flex Emirates Islamic credit card is available in two varieties, Flex and Flex Elite credit cards

a. Emirates Islamic Flex Credit Card

Annual Membership Fee: This Emirates Islamic Credit Card is free for life.

Online shopping on daily purchases, home goods, electronics and much more.

ii. Owners of the Flex Emirates Islamic credit card can earn EI SmartMiles in the following manner:

25 EI SmartMiles earned on every AED 1 spent on international purchases.

25 EI SmartMIles earned on every AED 1 spent on domestic purchases.

iii. Complimentary purchase insurance for the cardholder.

iv. Travel purchases made with this Emirates Islamic credit card allow the cardholder to avail emergency medical referral services anywhere across the globe. This includes translators, technical support and legal assistance as well.

v. Up to 4 supplementary Emirates Islamic credit cards for family members.

The Flex Elite Emirates Islamic credit card is a Visa Infinite card and offers all the benefits of a Flex card as well as the ones mentioned below.

Annual Membership Fee: AED 700

Profit Rate (Monthly): 25%

Minimum Monthly Income Required: AED 25,000 for all applicant types.

Benefits:

i. Includes all of the Flex Emirates Islamic Bank credit card offers.

ii. Owners of the Flex Emirates Islamic credit card can earn EI SmartMiles in the following manner:

75 EI SmartMiles earned on every AED 1 spent on international purchases.

5 EI SmartMIles earned on every AED 1 spent on domestic purchases.

iii. Free unlimited lounge access to 750+ airports across the globe for the Emirates Islamic credit card owner and for one guest.

iv. Free of charge travel insurance for multiple trips of up to 90 days.

v. Access to a global concierge, for help with ticket booking, restaurant reservations and more.

vi. Unlimited free rounds of golf at Track Meydan and Arabian Ranches golf clubs. This Emirates Islamic Cash Back card benefit can be availed on any day of the week.

vii. The Flex Elite Emirates Islamic credit card offers two complimentary valet parking services every month at select locations such as Dubai International Airport, City Walk, Ibn Battuta Mall and more. The full list of partnered locations can be found online.

7. Emirates Islamic Business Credit Card

Annual Membership Fee: This Emirates Islamic Credit Card is free for life.

Online shopping on daily purchases, home goods, electronics and much more.

e. Balance transfer of up to 80% of the Emirates Islamic credit card limit for a 0% profit rate in the first 6 months. Minimum transaction amounts of AED 1,000. A one-time 2% processing fee is charged.

f. Unlimited complimentary lounge access to 750+ airports globally.

g. Great deals on bookings in over 400,000 hotels all over the world, for bookings made through Kaligo.com.

h. Unique Emirates Islamic Cash Back card benefits such as $25 voucher for food and beverages, a complimentary continental breakfast meal, room upgrades, late checkout and more in 900+ hotels across the globe.

i. Travel purchases made with this Emirates Islamic credit card allow the cardholder to avail emergency medical referral services anywhere across the globe. This includes translators, technical support and legal assistance as well.

j. Free of charge travel insurance for multiple trips. This includes travel accident and inconvenience cover

k. Cardholders are also eligible for purchase protection. Under this policy, any item purchased with the Emirates Islamic credit card is covered up to $5,000 in the event that it is damaged or stolen.

l. Access to a global concierge, for help with ticket booking, restaurant reservations and more.

m. Access to the Emirates Islamic Bank EPP (Easy Payment Plan). Under this scheme, the Emirates Islamic credit card owner can convert purchases at select vendors to 0% monthly instalments for tenors of 3, 6, 9 and 12 months. The full list of partnered vendors can be found online.

n. Cash advance features available for a maximum of 20% of the credit limit, up to AED 10,000 per transaction.

This Emirates Islamic Skywards credit card is available as a fee-based card only. There is no profit rate charged. Instead, the card charges an annual fee and a monthly membership fee, which varies depending on the requested credit limit.

Annual Membership Fee: AED 400

Monthly Membership Fee: The monthly membership fee for this Emirates Islamic credit card varies according to the desired credit limit as shown below.

Customers with an approved employer, and who have made a salary transfer to Emirates Islamic.

5,000.00

Customers with an approved employer, and who have NOT made a salary transfer to Emirates Islamic.

7,000.00

Customers with an unapproved employer, and who have made a salary transfer to Emirates Islamic.

8,000.00

Customers with an unapproved employer, and who have NOT made a salary transfer to Emirates Islamic.

15,000.00

Expatriates

Customers with an approved employer, and who have made a salary transfer to Emirates Islamic.

5,000.00

Customers with both an approved/unapproved employer and who have NOT made a salary transfer to Emirates Islamic.

8,000.00

Self Employed Customers

-

20,000.00

Cards Against Term Deposit

The monthly minimum income is waived if the customer pledges a total amount of AED 60,000 instead.

5,000.00

(Updated as of Jan 2019)

Benefits:

i. Owners of the Gold Emirates Islamic Skywards credit card will earn Skywards Miles for retail expenditures in the following manner:

6 Skywards Miles for every US $1 spent on domestic purchases.

6 Skywards Miles for every US $1 spent on international purchases.

6 Skywards Miles for every US $1 spent on Emirates airlines purchases.

Cardholders may download the ExtraMiles app, which enables them to earn 2 bonus Skywards Miles for every US $1 spent on partnered services. These services include hotel reservations, flight booking and car rentals through Booking.com, Souq.com and Rentalcars.com.

ii. Up to 4 supplementary Emirates Islamic credit cards for family members.

iii. Balance transfer of up to 80% of the Emirates Islamic credit card limit for a 0% profit rate in the first 6 months. Minimum transaction amounts of AED 1,000. A one-time 2% processing fee is charged.

The Emirates Islamic Skywards Platinum card is available as a fee-based card only. There is no profit rate charged. Instead, the card charges an annual fee and a monthly membership fee, which varies depending on the requested credit limit.

Customers with an approved employer, and who have made a salary transfer to Emirates Islamic.

5,000.00

Customers with an approved employer, and who have NOT made a salary transfer to Emirates Islamic.

7,000.00

Customers with an unapproved employer, and who have made a salary transfer to Emirates Islamic.

8,000.00

Customers with an unapproved employer, and who have NOT made a salary transfer to Emirates Islamic.

15,000.00

Expatriates

Customers with an approved employer, and who have made a salary transfer to Emirates Islamic.

5,000.00

Customers with both an approved/unapproved employer and who have NOT made a salary transfer to Emirates Islamic.

8,000.00

Self Employed Customers

-

20,000.00

Cards Against Term Deposit

The monthly minimum income is waived if the customer pledges a total amount of AED 60,000 instead.

5,000.00

Benefits:

i. Owners of the Emirates Islamic Skywards Platinum card will earn Skywards Miles for retail expenditures in the following manner:

75 Skywards Miles for every US $1 spent on domestic purchases.

1 Skywards Miles for every US $1 spent on international purchases.

5 Skywards Miles for every US $1 spent on Emirates airlines purchases.

Cardholders may download the ExtraMiles app, which enables them to earn 2 bonus Skywards Miles for every US $1 spent on partnered services. These services include hotel reservations, flight booking and car rentals through Booking.com, Souq.com and Rentalcars.com.

ii. Up to 4 supplementary Emirates Islamic credit cards for family members.

iii. Balance transfer of up to 80% of the Emirates Islamic Skywards Platinum card limit for a 0% profit rate in the first 6 months. Minimum transaction amounts of AED 1,000. A one-time 2% processing fee is charged.

vi. Emirates Islamic Skywards Platinum card owners are given a Golf Fee Card. The Golf Fee Card entitles the cardholder to great golfing discounts such as 50% off on green fees in ranges across more than 100 countries, 10% discount on golf equipment and more.

c. Emirates Islamic Skywards Signature Credit Card

This Emirates Islamic Skywards credit card is available as a profit-based card only.

Customers with an approved employer, and who have made a salary transfer to Emirates Islamic.

5,000.00

Customers with an approved employer, and who have NOT made a salary transfer to Emirates Islamic.

7,000.00

Customers with an unapproved employer, and who have made a salary transfer to Emirates Islamic.

8,000.00

Customers with an unapproved employer, and who have NOT made a salary transfer to Emirates Islamic.

15,000.00

Expatriates

Customers with an approved employer, and who have made a salary transfer to Emirates Islamic.

5,000.00

Customers with both an approved/unapproved employer and who have NOT made a salary transfer to Emirates Islamic.

8,000.00

Self Employed Customers

-

20,000.00

Cards Against Term Deposit

The monthly minimum income is waived if the customer pledges a total amount of AED 60,000 instead.

5,000.00

(Updated as of Jan 2019)

Benefits:

i. Owners of the Signature Emirates Islamic Skywards credit card will earn Skywards Miles for retail expenditures in the following manner:

75 Skywards Miles for every US $1 spent on domestic purchases.

1 Skywards Miles for every US $1 spent on international purchases.

5 Skywards Miles for every US $1 spent on Emirates airlines purchases.

Cardholders may download the ExtraMiles app, which enables them to earn 2 bonus Skywards Miles for every US $1 spent on partnered services. These services include hotel reservations, flight booking and car rentals through Booking.com, Souq.com and Rentalcars.com.

ii. Up to 4 supplementary Emirates Islamic credit cards for family members.

iii. Great discounts on golfing at ranges in UAE such as the Arabian Ranches Golf Club, Abu Dhabi City Golf Club and more

iv. Travel purchases made with this Emirates Islamic Skywards credit card allow the cardholder to avail emergency medical referral services anywhere across the globe. This includes translators, technical support and legal assistance as well.

v. Free of charge travel insurance for multiple trips of up to 90 days.

vi. This Emirates Islamic Skywards credit card one complimentary valet parking every month at select locations such as Dubai International Airport, City Walk, Ibn Battuta Mall and more. The full list of partnered locations can be found online.

ix. Balance transfer of up to 80% of the Emirates Islamic Skywards credit card limit for a 0% profit rate in the first 6 months. Minimum transaction amounts of AED 1,000. A one-time 2% processing fee is charged.

x. The Emirates Islamic Skywards credit card owner can utilize up to 80% of their credit limit as cash, credited into their account or delivered in the form of a cheque. The profit rate for this scheme is 1.19% for tenors available of 6, 12, 18 and 24 months. The transaction has a minimum limit of AED 1,000.

xi. This Emirates Islamic Bank credit card offers the cardholder and their family members Credit Shield cover. Under this feature, any unforeseen accidents that leave a customer unable to pay off their credit card dues are waived. The first two months of Credit Shield cover are complimentary. A minor fee is charged every subsequent month unless the cardholder requests for it to be stopped.

xii. Cardholders are also eligible for purchase protection. Under this policy, any item purchased with the Emirates Islamic Skywards credit card is covered in the event that it is damaged, stolen or misplaced within a certain time period.

d. Emirates Islamic Skywards Infinite Credit Card

The Emirates Islamic Bank Skywards Infinite card is available as both a fee-based and a profit-based card. The benefits offered by both are the same. Fee-Based VersionUnder the fee-based category, the Emirates Islamic Bank Skywards Infinite card has no profit rate, but rather an annual and monthly membership fee.

i. Owners of the Emirates Islamic Bank Skywards Infinite card can collect Skywards Miles for any retail expenditure in the following manner:

1 Skywards Mile for every US $1 spent on domestic purchases.

5 Skywards Miles for every US $1 spent on international purchases.

2 Skywards Miles for every US $1 spent on Emirates airlines purchases.

Cardholders may download the ExtraMiles app, which enables them to earn 2 bonus Skywards Miles for every US $1 spent on partnered services. These services include hotel reservations, flight booking and car rentals through Booking.com, Souq.com and Rentalcars.com.

iii. Unlimited complimentary lounge access to 900+ airports globally for the cardholder and one guest.

iv. Unlimited free rounds of golf at Track Meydan and Arabian Ranches golf clubs. This Emirates Islamic Bank Skywards Infinite card can be availed on any day of the week.

v. The Emirates Islamic Bank Skywards Infinite card offers two complimentary valet parking services every month at select locations such as Dubai International Airport, City Walk, Ibn Battuta Mall and more. The full list of partnered locations can be found online.

vi. Cardholders are also eligible for purchase protection. Under this policy, any item purchased with the Emirates Islamic credit card is covered up to $7,500 in the event that it is damaged, stolen or misplaced within a certain time period. The maximum claim amount per year is $20,000.

vii. Balance transfer of up to 80% of the Emirates Islamic Skywards credit card limit for a 0% profit rate in the first 6 months. Minimum transaction amounts of AED 1,000. A one-time 2% processing fee is charged.

viii. Free of charge travel insurance for multiple trips of up to 90 days.

ix. This Emirates Islamic Bank credit card offers the cardholder and their family members Credit Shield cover. Under this feature, any unforeseen accidents that leave a customer unable to pay off their credit card dues are waived. The first two months of Credit Shield cover are complimentary. A minor fee is charged every subsequent month unless the cardholder requests for it to be stopped.

x. Access to a global concierge, for help with ticket booking, restaurant reservations and more.

Supplementary cardholders earn the same amount of EI SmartMiles as well.

iii. 10% cash back on any dining purchase across the globe, for up to a maximum of AED 300 per month.

iv. The Emarati Emirates Islamic Bank credit card offers two complimentary valet parking services every month at select locations such as Dubai International Airport, City Walk, Ibn Battuta Mall and more. This is applicable for the primary cardholder and all supplementary cardholders as well. The full list of partnered locations can be found online.

vi. Free of charge travel insurance for multiple trips. This includes travel accident and inconvenience cover both. This covers the primary cardholder, their spouse and up to 5 children.

vii. Unique Emarati Emirates Islamic credit card offers such as $25 voucher for food and beverages, a complimentary continental breakfast meal, room upgrades, late checkout and more in 900+ hotels across the globe.

viii. Access to a global concierge, for help with ticket booking, restaurant reservations and more.

ix. Up to 4 supplementary Emirates Islamic credit cards for family members.

x. Cardholders are also eligible for purchase protection. Under this policy, any item purchased with the Emirates Islamic credit card is covered event that it is damaged or stolen.

xi. Cash advance features available for up to 50% of the credit limit and a maximum of AED 3,000 per transaction.

Features & Benefits of Emirates Islamic Credit Cards

As one of the premier Islamic Banking institutes in UAE, Emirates Islamic passes on immense savings and top-notch rewards to holders of the various types of Emirates Islamic credit cards. The following features and benefits have helped Emirates Islamic Bank credit cards capture the market and the hearts of its customer base.

Sharia-Compliant No interest. No hidden charges. That is the promise of an Emirates Islamic credit card. Fully compliant with the Sharia principles, every Emirates Islamic Bank credit card offers a fully transparent set of charges.

Security Known as the Double Safe feature, every Emirates Islamic credit card offers cardholder the option to set up a secure pin for online transactions. By partnering with popular payment service providers such as Visa and MasterCard, this pin is further run through a security gauntlet which completely prevents fraudulent online charges.

RTA Enabled A number of Emirates Islamic credit cards come equipped with the RTA Nol-chip and Salik tags, to make driving through UAE smoother than ever before. Simply activate the auto top-up features on an RTA enabled Emirates Islamic Bank credit card to effortlessly access the various public transportation services across the nation.

Supplementary Cards Nearly every Emirates Islamic credit card offers 4 supplementary cards for the cardholder’s family members. These supplementary Emirates Islamic credit cards enjoy a shared credit limit and the opportunity to earn rewards and loyalty points as well. In fact, some cards such as the Emirates Islamic Bank Skywards Infinite card even give supplementary cardholders access to 750+ airport lounges across the globe.

0% Easy Payment Plan The Emirates Islamic Bank credit card EPP is one of the most attractive benefits offered. It allows cardholders to convert transactions starting from as low AED 500 into monthly instalment plans with no profit-rate. The Emirates Islamic Bank credit card EPP allows cardholders to budget like a finance guru.

Balance Transfer Emirates Islamic credit card offers great incentives to customers that want to make a balance transfer. With a 0% profit rate for the first 6 months and the option to transfer up to 80% of the available Emirates Islamic credit card limit, the balance transfer feature allows customers to smartly pay off dues.

Cash on Demand An Emirates Islamic credit card charges a near negligible monthly profit rate of 1.19% on cash on demand requests. These requests can go as high as up to 80% of the available Emirates Islamic credit card With such an alluring offer, Emirates Islamic customers will never have to face a financial emergency unprepared.

Benefits of Emirates Islamic Credit Cards The Emirates Islamic credit card opens up a whole new world of opportunities for cardholders. These are some of the most irresistible benefits an Emirates Islamic credit card offers:

Air Miles By using an Emirates Islamic credit card for daily purchases, cardholders can earn Skywards Miles. These miles can be used to upgrade and book flight tickets in Emirates Airlines. Furthermore, the miles can even be exchanged for air miles in other airlines such as Jet Airways and Etihad. The range of Emirates Islamic Skywards credit cards, such as the Emirates Islamic Skywards Platinum card or the Emirates Islamic Bank Skywards Infinite card offers the best way to earn miles.

Loyalty Points Various rewards programs award the Emirates Islamic credit card owner with loyalty points such as SmartMiles, Choice Points and more. These points can be redeemed for amazing discounts on local establishments, to offset the cost of annual membership fee and even as cash back.

Cash Back The Emirate Islamic cash back card and its cash back plus variant are the perfect examples of a card that gives back every time. With guaranteed cash back on nearly every category of purchase, owners of the Emirates Islamic cash back card can effectively save every time they spend.

The Mazaya Offer Emirates Islamic has teamed up with thousands of retail vendors across UAE to bring a spectacular host of discounts to owners of any Emirates Islamic credit card. Known as Mazaya offers, these deals encompass travel, shopping, dining, local attractions and more. The enormous list of participating vendors can found online.

Added Benefits The full range of Emirates Islamic credit card benefits is extraordinarily long and varies from card to card. From complimentary travel insurance to free rounds of golf at premier ranges across UAE, the many rewards that an Emirates Islamic Bank credit card offers are near limitless.

Emirates Islamic Credit Card Profit Rates & Annual Fees

Following the principles of Islamic Banking, Emirates Islamic credit cards do not charge interest. Instead, they ask for a profit rate, the profits of which are shared between all shareholders. Given below is a list of the various Emirates Islamic credit cards and their associated profit rates and annual membership fees.

Category

Name of the Credit Card

Annual Membership Fee (in AED)

Monthly Profit Rate (in %)

Easy Card

Emirates Islamic Easy Card

Free for life

3.50

RTA Cards

Emirates Islamic RTA Profit-Based Credit Card

Free for life

3.49

Emirates Islamic RTA Fee-Based Credit Card

Free for life

Monthly fee based on a credit limit

Union Coop Card

Emirates Islamic Union Coop Tamayaz Credit Card

Free for life

3.49

Cashback Cards

Emirates Islamic Cashback Credit Card

350 (Free on spending AED 5,000 per year)

3.49

Emirates Islamic Cashback Plus Credit Card

299 (First year free and waived in later years on spending AED 30,000 annually. Offer valid till 31st March 2019)

3.35

Rewards Cards

Emirates Islamic Rewards Credit Card

200 (Free on spending AED 5,000 per year)

Monthly fee based on a credit limit

Emirates Islamic Abu Dhabi Rewards Credit Card

200 (Free on spending AED 5,000 per year)

Monthly fee based on a credit limit

Flex Cards

Emirates Islamic Flex Credit Card

Free for life

3.49

Emirates Islamic Flex Elite Credit Card

700.00

3.25

Business Card

Emirates Islamic Business Credit Card

Free for life

3.25

Skywards Cards

Emirates Islamic Skywards Gold Credit Card

400.00

Monthly fee based on a credit limit

Emirates Islamic Skywards Platinum Credit Card

700.00

Monthly fee based on a credit limit

Emirates Islamic Skywards Signature Credit Card

700.00

3.25

Emirates Islamic Skywards Infinite Credit Card (Fee-Based)

2,000.00

Monthly fee based on a credit limit

Emirates Islamic Skywards Infinite Credit Card (Profit-Based)

2,000.00

2.99

(Updated as of Jan 2019)

Emirates Islamic Credit Card Eligibility

Eligibility for an Emirates Islamic Bank credit card is dependent on the following factors:

Age The minimum age of eligibility for an Emirates Islamic credit card is 18 years. Any minors under the age of 18 may apply for a card under the supervision of a legal guardian, who will be asked to co-sign the application form as well.

Salary Every Emirates Islamic Bank credit card has a required minimum monthly salary, which will be detailed in the next section. Not only are applicants supposed to show an independent source of income, but some of the Emirates Islamic credit cards also mandate a salary transfer into the Emirates Islamic account.

Credit History To avail incredible rewards such as the Emirates Islamic Cash Back card benefits and more, applicants should have a good past record of on-time payments. Poor credit history may disqualify an applicant.

Nationality The Emarati card is locked by nationality. It is an Emirates Islamic credit card that is exclusive to only UAE nationals.

Emirates Islamic Credit Cards by Salary

The minimum monthly salary for an Emirates Islamic Bank credit card does not vary by card. Rather, it is dependent on nationality, type of employer and whether the customer has made a salary transfer to the Emirates Islamic credit card account. The breakdown of various salary brackets is given below:

Applicant Type

Condition

Minimum Monthly Income Required (in AED)

UAE Nationals

Customers with an approved employer, and who have made a salary transfer to Emirates Islamic.

5,000.00

Customers with an approved employer, and who have NOT made a salary transfer to Emirates Islamic.

7,000.00

Customers with an unapproved employer, and who have made a salary transfer to Emirates Islamic.

8,000.00

Customers with an unapproved employer, and who have NOT made a salary transfer to Emirates Islamic.

15,000.00

Expatriates

Customers with an approved employer, and who have made a salary transfer to Emirates Islamic.

5,000.00

Customers with both an approved/unapproved employer and who have NOT made a salary transfer to Emirates Islamic.

8,000.00

Self Employed Customers

-

20,000.00

Cards Against Term Deposit

The monthly minimum income is waived if the customer pledges a total amount of AED 60,000 instead.

5,000.00

(Updated as of Jan 2019)

The above minimum income criteria apply to all Emirates Islamic credit cards except for the Infinite cards. The Emirates Islamic Bank Skywards Infinite Card and the Emirates Islamic Flex Elite (Infinite) Credit Card both have a minimum income requirement of AED 25,000.

How to Apply for an Emirates Islamic Credit Card?

The Emirates Islamic Bank credit card application can be completed online or by visiting a branch. The process is a fairly simple one and can be further expedited by keeping the following documents prepared:

Copy of valid ID proof: UAE nationals may submit their Emirates ID, while non-UAE nationals are requested to present a copy of their passport and visa.

A security cheque. This should be undated and made out for 5% more than the requested Emirates Islamic credit card

Applicants who do not have an account with Emirates Islamic Employment Information, are asked to present a bank statement showing salary for the 3 latest months. Similarly, for customers applying through their company, a copy of the organization’s trade certificate will also be required.

The Emirates Islamic Bank credit card application can be found online.

Nearly every Emirates Islamic Bank credit card offers up to 4 or more supplementary cards for family members. The supplementary Emirates Islamic Bank Credit Card Application can be found onine.

Emirates Islamic Credit Card Profit Rates

The monthly profit rates for eligible Emirates Islamic credit cards are given below.

Category

Name of the Credit Card

Monthly Profit Rate (in %)

Easy Card

Emirates Islamic Easy Card

3.50

RTA Cards

Emirates Islamic Easy Card

3.49

Emirates Islamic RTA Fee-Based Credit Card

Monthly fee based on a credit limit

Union Coop Card

Emirates Islamic Union Coop Tamayaz Credit Card

3.49

Cashback Cards

Emirates Islamic Cashback Credit Card

3.49

Emirates Islamic Cashback Plus Credit Card

3.35

Rewards Cards

Emirates Islamic Rewards Credit Card

Monthly fee based on a credit limit

Emirates Islamic Abu Dhabi Rewards Credit Card

Monthly fee based on a credit limit

Flex Cards

Emirates Islamic Flex Credit Card

3.49

Emirates Islamic Flex Elite Credit Card

3.25

Business Card

Emirates Islamic Business Credit Card

3.25

Skywards Cards

Emirates Islamic Skywards Gold Credit Card

Monthly fee based on a credit limit

Emirates Islamic Skywards Platinum Credit Card

Monthly fee based on a credit limit

Emirates Islamic Skywards Signature Credit Card

3.25

Emirates Islamic Skywards Infinite Credit Card (Fee-Based)

Monthly fee based on a credit limit

Emirates Islamic Skywards Infinite Credit Card (Profit-Based)

3.25

Emirates Islamic Credit Card Limit

The Emirates Islamic Bank credit card limit is defined in two major ways.

For profit-based Emirates Islamic credit cards, the credit limit is fixed at the time of the application.

Emirates Islamic reserves the rights to increase or decrease the cardholder’s credit limit, and inform them of the same. To request for a change in the Emirates Islamic credit card limit, customers may contact a customer support executive at (+971) 600-599995 or fill out an enquiry form online.

Emirates Islamic Credit Card Charges

Some of the most commonly incurred Emirates Islamic credit card charges are mentioned below.

Late Payment Charge: AED 225

Over Limit Charge: AED 249 (From April 1st, 2019 onwards the fee will be AED 279)

Cash Advance Charge: 3% of the transaction amount up to AED 99 (from April 1st, 2019 this will be up to AED 149)

The full list of Emirates Islamic credit card charges can be found online.

The monthly Emirates Islamic credit card charges can be paid in the following manner:

Via cheques: These can be deposited in drop boxes located at all Emirates Islamic branches. The full list of branches can be found online.

Via cash: Cash payments can be made at branches or through Cash Deposit Machines. Customers will need to mention their Emirates Islamic credit card

Via online payments: Monthly Emirates Islamic credit card charges can be paid through the online banking portal, called BankNet. These can also be scheduled to auto-pay every month. The BankNet portal can be found online.

How to Cancel an Emirates Islamic Credit Card?

To cancel an Emirates Islamic credit card, the cardholder should first request for closure of the Emirates Islamic bank account. Once all the dues have been cleared, the cardholder will receive confirmation of the account’s closure. The account closure form can be found online.

After confirmation, it is advised to destroy the Emirates Islamic credit card and all supplementary cards as well. Emirates Islamic credit card owners should also request for a No Liability Letter, which can be obtained for a nominal fee of AED 50. This letter may be required when leaving UAE.

Why Choose Emirates Islamic Credit Cards?

Emirates Islamic credit card owners are part of an exclusive Islamic Banking experience unlike any other in UAE. The credit card offers world-class benefits such as:

Global AcceptanceWith over 30 million installations all over the globe, there are very few places that your Emirates Islamic credit card won’t be accepted.

Relaxed Eligibility Criteria The Emirates Islamic Bank credit card minimum salary requirements are very relaxed, starting at just AED 5,000 per month. This allows a wider range of UAE citizens to experience the rewards of an Emirates Islamic credit card.

Premium Benefits From the guaranteed savings of the Emirates Islamic cash back credit card to the VIP lounge access afforded by the Emirates Islamic Skywards Platinum card, the benefits of an Emirates Islamic credit card are truly world-class.

Sharia Compliant All of the Emirates Islamic Bank credit cards are structured on Sharia principles. There is no interest and no hidden charge. Full transparency and profit sharing define the Emirates Islamic credit card.

*The information provided on this website/page is only for information sake. Policybazaar.ae does not in any form or manner endorse the information so provided on the website and strives to provide factual and unbiased information to customers to assist in making informed insurance choices.